Former Children's Hospital of Philadelphia Executive Charged With Embezzling $1.7M

The former executive vice president and general counsel for Children's Hospital of Philadelphia has been accused of embezzling $1.7 million from the facility, according to a Reuters report.

Roosevelt Hairston Jr. allegedly hid the theft by creating shell companies, opening bank accounts in their names and establishing phony offices for them. Prosecutors claim the alleged fraud occurred from 1999 until February 2011, and they say Mr. Hairston "used the funds he stole from CHOP to live a luxurious lifestyle, purchasing real estate, a yacht with a captain to maintain the yacht, high-end automobiles and many other luxury items," according to the report.

Mr. Hairston's lawyer, Howard Bruce Klein, said his client "has made huge mistakes in his life and has admitted financial irregularities," according to the report.

Read the Reuters report on Children's Hospital of Philadelphia and Roosevelt Hairston Jr.

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